Monthly Archives: July 2017

Jul 1 2017

Illinois on Brink of Default


Armstrong Economics Blog/Pension Crisis

Re-Posted Jul 1, 2017 by Martin Armstrong

While politicians always talk about the poor and the needy, they never talk about how their own pensions are breaking the bank and come before everything else. It’s always the poor, which is the lead to raising taxes. So here you have a politicians pleading with the people to tell their representative end the impasse and raise my taxes for the poor – without mentioning the core of the crisis – pensions.

Jul 1 2017

France’s President Says He is TOO SMART to Communicate with the Fools Who Voted For Him


Armstrong Economics Blog/France

Re-Posted Jul 1, 2017 by Martin Armstrong

The French President Emmanuel Macron will break with the long-standing tradition of the President making a speech on Bastille Day to celebrate winning independence. He says his “complex thoughts” may prove too much for journalists. The truth is, his agenda is to surrender the independence of France and hand it to Brussels. He has no interest in celebrating Independence Day when he intends to end that Independence. Just astonishing. We now have a president in France who is too intelligent to communicate with the scum beneath time for they are just stupid fools. Perhaps so – since they elected him.